Weekly Agri- Commodities Recap: 22-26/07/24
Jul 29, 2024
The week started with a wheat market in Central and Northern Europe that paused as harvests began in Germany, Poland, Lithuania, and Latvia, with Baltic countries reporting lower protein levels but higher yields. The Black Sea region sold over 1.6 million metric tons of wheat for August and September shipments. Tunisia announced a tender for 100,000 metric tons of animal feed barley, while Jordan issued tenders for 120,000 metric tons each of barley and wheat.
On Tuesday, Baltic countries continued their harvest, showing slightly lower quality wheat with high yields. French wheat quality concerns held Matif steady, and Russian wheat prices remained below $220. Romania’s Constanta port shipped 4.2 million metric tons of Ukrainian grain in the first half of the year, while USDA reported slight declines in US corn condition and stable ratings for soybeans and spring wheat.
On Wednesday, Jordan is reported to have made no acquisitions in its tender for 120,000 metric tons of milling wheat, with a new tender expected soon. Brazil’s soybean exports were projected at 10.43 million tons for July, with corn exports slightly higher at 4.56 million tons. Sovecon raised its wheat crop forecast for 2024 to 84.2 million tons and the total grain crop to 130.5 million tons.
Thursday saw Chicago corn and wheat futures saw marginal gains, while Minneapolis wheat declined due to better spring wheat yields. Barley demand from the Black Sea remained strong, though offers were drying up as the harvest wrapped up. Algeria tendered for barley, influencing the market tone. SovEcon increased wheat and barley harvest projections but lowered the corn forecast.
On Friday, wheat futures dropped while corn remained slightly firmer. Concerns over French wheat quality persisted, potentially impacting MATIF specs. Egypt maintained bread prices despite rising diesel costs. USDA reported weekly export sales, with wheat at 309,300 tons for the current marketing year and corn at 331,400 tons. Overall, futures markets closed lower, with Russia’s wheat crop increasing while France’s suffered.
Weekly Recaps
Freight
Freight Recap:
18/12/25
Dec 18, 2025
The dry bulk market saw a softer overall tone, with Handysize holding largely flat, Supramax weakening across both basins, and Panamax continuing its decline despite some localized Atlantic support. Activity levels remained muted in many regions, with owners increasingly seeking cover ahead of the holiday period. The Atlantic showed mixed signals across segments, while the Pacific faced longer tonnage lists and weaker demand, keeping pressure on rates.
Commodities
Agri- Commodities:
08-12/12/25 Agri
Dec 15, 2025
CBOT markets finished lower ahead of Tuesday’s WASDE, which was widely expected to lack bullish surprises. MATIF wheat was the exception, posting small gains. Russian 12.5% protein wheat FOB for January delivery edged up by $0.5 w/w to $227.5/t, according to IKAR. Geopolitical headlines remained in focus after Ukrainian President Volodymyr Zelenskiy said US-brokered peace talks remain stalled over security guarantees and control of eastern Ukraine, particularly the Donbas.
Freight
Freight Recap:
11/12/25
Dec 11, 2025
The dry bulk market saw a softer overall tone, with Handysize holding largely flat, Supramax weakening across both basins, and Panamax continuing its decline despite some localized Atlantic support. Activity levels remained muted in many regions, with owners increasingly seeking cover ahead of the holiday period. The Atlantic showed mixed signals across segments, while the Pacific faced longer tonnage lists and weaker demand, keeping pressure on rates.
Commodities
Agri- Commodities:
01-05/12/25 Agri
Dec 08, 2025
USDA announced no new flash sales, disappointing soybean markets. Weekly export sales remain delayed and have not yet reached the period covering the US–China trade deal, leaving the true pace of buying uncertain. CBOT corn and wheat eased, while March MATIF wheat posted small gains after finding support at intraday contract lows. ABARES raised Australia’s 2025/26 wheat, barley, and canola output, though the increases were broadly in line with expectations. Algeria’s OAIC issued a soft wheat tender for February shipment, and Russian wheat prices slipped again, with 12.5% FOB for January at $227/t.
